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1. How do you calculate profit?

  • Fixed costs + Variable costs
  • Sales revenue - Total costs
  • Selling price per unit - Variable cost per unit
  • Fixed costs / (Selling price per unit - Variable cost per unit)
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2. How do you calculate total costs?

  • Contribution per unit x Number of items sold
  • Variable costs + Fixed costs
  • Selling price x Number of items sold
  • Fixed costs / (Selling price per unit - Variable cost per unit)

3. How do you calculate contribution per unit?

  • Selling price x Number of items sold
  • Selling price per unit - Variable cost per unit
  • Contribution per unit x Number of items sold
  • Fixed costs + Variable costs

4. What is market segmentation?

  • A technique where the market is broken down into smaller sections with similar characteristics
  • The cost of the next best alternative forgone
  • The sale of the right to use a business idea by an existing business
  • The individual buying the right to the franchise

5. How do you calculate sales revenue?

  • Fixed costs + Variable costs
  • Selling price x Number of items sold
  • Sales revenue - Total costs
  • Selling price per unit - Variable cost per unit

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